Bank of America Lowers XPO (NYSE:XPO) Price Target to $150.00

XPO (NYSE:XPO) had its target price dropped by analysts at Bank of America from $170.00 to $150.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective would indicate a potential upside of 34.02% from the stock’s previous close.

XPO has been the topic of several other research reports. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and boosted their price target for the company from $155.00 to $180.00 in a research report on Friday, February 7th. The Goldman Sachs Group boosted their target price on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Oppenheimer increased their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Stephens restated an “overweight” rating and issued a $171.00 target price on shares of XPO in a research note on Wednesday. Sixteen analysts have rated the stock with a buy rating, According to MarketBeat, XPO currently has a consensus rating of “Buy” and an average target price of $162.50.

XPO Stock Performance

XPO traded down $4.88 during trading on Wednesday, hitting $111.92. 975,854 shares of the stock were exchanged, compared to its average volume of 1,467,778. The firm has a market capitalization of $13.12 billion, a P/E ratio of 34.61, a PEG ratio of 1.79 and a beta of 2.12. XPO has a 1-year low of $97.03 and a 1-year high of $161.00. The stock has a fifty day moving average price of $135.26 and a two-hundred day moving average price of $130.50. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, sell-side analysts predict that XPO will post 4.15 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Argent Trust Co grew its stake in XPO by 1.9% in the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company’s stock valued at $517,000 after acquiring an additional 75 shares during the last quarter. Larson Financial Group LLC grew its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. Scientech Research LLC increased its stake in shares of XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company’s stock worth $1,291,000 after purchasing an additional 84 shares in the last quarter. UMB Bank n.a. raised its position in shares of XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after purchasing an additional 86 shares during the last quarter. Finally, SageView Advisory Group LLC lifted its stake in XPO by 2.1% in the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company’s stock valued at $607,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.